matthew miller in for jon ferro.ful surveillance across the hour, the president leaving the white house, traveling to the g7 meeting. lisa, help me again, red and green on the screen. i think the equity markets, the persistency, including s&p futures yesterday after record highs, really stunning to see that. lisa: and it really does stem from the lower yield environment. tom: agreed. lisa: particular part -- particular paradigms. i know you love that word. we will have a new drinking game with paradigms. the question is, what point is there a dissonance between the lower growth outlook implied by the bond market and equities continuing to rally, given the projections for earnings? really, they were still to come in 60% higher. at what point are we getting to pick earnings expectations? tom: matt miller, david and the focus -- david and the team at deutsche bank saying it is tangible. is that the zeitgeist in europe? matt: absolutely. we see inflation taking up here at a slower rate than there, but germans are much mo

we want to announce the matthew miller fund to put matt miller into space.uld like to say keep him there. [laughter] i know you're into cars and all that, but this is something that this guy is going to go up there. matt: to me it is unbelievable because he is worth 186.8 billion dollars. he alone, not even including the fortune of his ex-wife come is the richest man in the entire world over must come over base, over buffett and he is going to risk that fortune. tom: they go up to apogee. lisa: tom just try to send you to space and keep you there. matt: i am ready and willing. lisa: about the idea of recreational space travel. how close are we to that moment? tom: we're going to find out. really something. really remarkable. we will have our continuing space coverage. looking forward to that here in the coming weeks. this is "bloomberg." ♪ in business, it's never just another day. it's the big sale, or the big presentation. the day where everything goes right. or the one where nothing does. with comcast business you get the network that can deliver gig speed

we don't do that with lisa abramowicz, we do that with matthew miller. a lot of international relations at this hour, we have a photo shoot in the next hour. the moment of this market in this week with the fed meeting, retail sales tomorrow, a big week for economic markets. everyone -- lisa: everyone looking to see if the federal reserve will raise rates. people are looking at the dots and their projections and the sense of whether 2023 is the year in which they start lifting rates, in which they have to start tapering in the near term. it's amazing how much fear there is of complacency at a time of record highs for the s&p. bond yields near record lows and the question of where the fed goes next. tom: brent crude at $73.34. lisa: you can see that grind higher and lumber prices saw a big drop last week, one of the biggest in the recent years. there's a question of whether the fed is correct. is this transitory? what's the risk if they are incorrect? the and rational time saying the fed is allowing the risk to build so much with complacency about the fed

matthew miller in for jon ferro today. romaine bostick has landed.look for him here in the next hour. the data is mixed. the vix speaks volumes. 16.55 and a record high and the surge in the nasdaq yesterday as well. the 10 year yield at 149. we are all waiting for the economic data to give us an indication to that important fed meeting tomorrow. right now, a really important conversation. not long ago and far away, but a number of years ago, my book of the summer was a sleeper. i did not expect the excellence of stewardship by john taft. he is baird vice-chairman, a legacy of american politics and wall street. it was a primal caused by john taft about the state of wall street. we are thrilled that we can revisit with john taft on stewardship. john, a year ago, i opened the wall street journal and one page with retrading and the next page with retrading and the page after that was free trading -- everything is free now and look at the mess we're in with order flow. how do we extract ourselves from all of the disaster we have seen from order flow, back

matthew miller in butler in -- in berlin in for jonathan ferro. lisa abramowicz as well. the most interesting day wrapped around the g7, wrapped around the equity markets that we saw yesterday. lisa, i want to go to that interview yesterday, the first interview deutsche bank has done off of their bombshell report. peter hooper on the timebomb of inflation of 2024. lisa, that is what haunts this market in our study. lisa: haunts it may be theoretically but not when you look at the price action. this is the interesting aspect of markets right now. you have the ghost potential inflation coming back potentially either next year or the year after with expectation setting a credible monetary stimulus in tandem with fiscal stimulus. but you pair that with the incredible fed impulse, and you pair that with bond buying overseas and you get a bond yield near 1.4% on the tenure for the biggest weekly drop in yields going back a year. tom: 1.4384. that is almost romantic. that is a yield christine lagarde would know. matt: german yields are going in the opposite direction. i thought

joining us now, former justice department spokesman, now msnbc justice and security analyst, matthew miller early. this is a really astonishing sequence of events that jonathan karl has laid out for us here in these remarkably candid statements made by barr. he's probably trying to make it clear to help his reputation in the long run. we can address that. but this gives us a new window into how this unfolded. walk us through this and what your take is on the thinking and how unusual this is to have something like this unfold at the justice department. >> yeah. it's all incredibly unusual, and i think you're right. this is a bit of a reputation rehabilitation project by the attorney general. i think everything happened was unusual, and you have to start with the way bill barr handled things leading up to the election. he makes this claim it was all b.s., and what he neglects to say is it was b.s. he had been spreading for months. trump was right to expect barr to take his side because in the months leading up to the election, barr had been out on a conservative media tour, making all kinds o

tom: the discovery mechanism we have is that matthew miller lived next to an amc theater in new york,ine days in a robot popcorn. jack: 68th and broadway, i would go in there just for the popcorn. i thought, why don't i buy a share of amc because i heard you got free popcorn with it. apparently you only get one free popcorn. i thought it was unlimited. [laughter] tom: with that knowledge alone, you would never get into columbia. [laughter] glenn hubbard was a we would not let matt miller in with this a popcorn moment. the former dean of columbia business school joins us now, which many of our employees have attended. i must say, with his esteem to public service to america. glenn, we are so happy to have you and your bachelors degree in florida, knowing bill dudley will come along with his bachelor degree in florida. what is florida economics? i think it is usually misunderstood in the northeast of the esteemed history of florida economics. talk to us about central florida as bill dudley would talk about the new college. >> i've had a great experience. i was in engineering student, bu

it is important in the 6:00 hour in new york that we always speak to matthew miller with obligatory cart is part of his agreement to appear on "surveillance." with romaine bostick, it is always the tradition to continue with friday soccer talk. just released moments ago on twitter, the harry kane emote and outfit as well. we are deep into soccer talk with ferro gone. let's listen to romaine on british soccer. [laughter] romaine: here's the sound of everything i know on british soccer. lisa: let's take a moment to recognize it. [laughter] tom: that was particularly good on radio. there we are. harry kane exiting the tots is a rumor, thrilled to see he's picked up a modest endorsement from "fortnite" as well. what is next for the bond market? seriously, we don't know, do we? lisa: i don't have a sense of how much the short position has already been squeezed out, how much more has come on. i was looking for examples of the short interest on the tlt, the $14 billion long-term treasury bond. tom: slow down, what is tlt? lisa: it is 20 plus year treasuries. tom: i thought it was taco bell, to

tom: it's good to have matthew miller with us because the pendulum post-apocalyptic is upon us.] lisa: we have moved from doom to gloom to post-apocalyptic realities. tom: how is somebody on the show more gloomy then you? [laughter] lisa: thank you, matt. we appreciate it. tom: matt miller with us for another 20 minutes. futures recovered in a sensible morning. good morning. on radio and tv. ♪ >> with the first word news, i am ritika gupta. multiple websites around the world are experiencing outages as we have been talking about. among them, the "new york times," reddit, and the british government. vastly pushes data -- fastly pushes data across the internet so consumers can shop online or watch videos on apps and websites. ice president kamala harris's morning central americans, do not come to the u.s.. if they do show up, they will be turned away. she is in guatemala as part of the administration's efforts to address several root causes of immigration from central america. the ceo of the pipeline shut down by hackers testifies before senate committee today. the appearance by c

matthew miller in for jonathan ferro.ur, the gentleman from modernity there, a huge success, speaking with ian bremmer's group on health care after this pandemic. a number of currents there right now. with this huge news flow, we address that with jennifer hopkins. i need you to come to the rescue of the gentleman from holy cross. dr. fauci is having a difficult week, and he says follow the science. that has been the huge message of the last 24 hours from a beleaguered crouching. frame for us right now what that means. to the critics of people like you, the critics of all the guests we have had on science and obviously we are very pro-science, what does that phrase mean to you, follow the science? jennifer: for me, driving our decisions on the policies we are moment. it does not mean we have unwavering faith in decisions made, but we have to look at the data, examine the data, and what the data tell us where to go. it is really interesting this week, because what we are seeing in the u.s. is a lot of states are really sca

joining me now is matthew miller former chief spokesman for the justice department and my other guests. you know, nixon has been invoked and so you have that perspective as, you know, whether or not, just how unprecedented this is. this is completely unprecedented. nixon did wire tap reporters but even he never took on doing something like this to a member of congress or to their families, their staff, to a minor. this goes way beyond department of justice policy. it is not illegal because they used the means of getting a subpoena through a grand jury. so it wasn't illegal but it is a violation of department of justice policy. and i am very happy to hear the inspector general is going to do an investigation and get to the bottom of this. it also looks like political, abuse of power, because so far all we know is that only democrats were subpoenaed, their records. it didn't go to any republicans. there was an unsuccessful and now barr is saying i never knew about those subpoenas. well, shame on him if he didn't. he's running the department. that is something he had to know about under d